Word: goldman
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...analysis by Goldman Sachs sounds a similarly somber tone. It suggests that the downturn is still in its incipient phase, and that job losses could surpass 2 million in 2009, with unemployment climbing to 8%. "As the economy slides into a deeper recession, it appears we are closer to the beginning of the labor market downturn than the end," wrote the study's co-author, economist Ed McKelvey. "We anticipate a sharper decline in employment in coming months." Reich also quotes 8% as a likely unemployment figure, though he notes that figure excludes job seekers who have given up searching...
...notes that in the past six weeks the amount of cash banks are holding has more than doubled to just over a half a trillion dollars, which is nearly a record. Bank lending is up, but Yardeni says that much of the measured increase comes from financial firms like Goldman Sachs and Morgan Stanley being recategorized as banks. "Banks are piling up liquid assets much faster than they are making loans," says Yardeni. "And that's not a good thing...
Remember those defined-benefit programs through which companies promised a certain amount every month to retirees? The market crash may be dealing that already waning concept a final, fatal blow. A new report from Goldman Sachs' Global Markets Institute illustrates that massive equity losses have resulted in S&P 500 companies' pension funds, which had been overfunded at the start of the year, fading so fast that they are now underfunded as a group. Instead of holding 108% of the assets they were promising to provide to retirees, they now hold just 91% (and falling...
...Goldman Sachs analyst Susan Friar recently called Microsoft a "laggard" in moving to browser-based software. But, in reality, it's not even a player. Although Microsoft announced on Oct. 27 that it will roll out "lightweight" Web versions of Word, Excel, PowerPoint and OneNote as part of its next release of Office, that release isn't expected until 2010. Meanwhile, Zoho, which is based in Pleasanton, Calif. and has 500 employees, has been offering its free, Web-based word processor, Zoho Writer, since 2005. Google Docs, which is ad-supported, has been around since...
...factor mitigating the financial industry's bonus intentions is the fact that there could be far fewer employed Wall Streeters by the time year-end payouts are made. Goldman Sachs reportedly plans to cut 10%, or 3,250 workers, from its payrolls. Barclays is expected to eliminate 3,000 jobs from the former investment-banking division of Lehman Brothers, which it acquired in September. And Merrill Lynch's John Thain recently said that he expects thousands of job cuts in the wake of his firm's acquisition. All told, Hintz expects Wall Street employment to fall 25%, which could mean...